the sale price of a house and a packet of spearmint gum both rise in price by 10%. which good is more…

the sale price of a house and a packet of spearmint gum both rise in price by 10%. which good is more elastic and why?\nthe house because its more broadly defined\nthe house because it takes up a larger share of income\nthe packet of gum because it takes up a smaller share of income\nthe packet of gum because its more narrowly defined

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